All Drawdown articles – Page 8
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OpinionGuidance should be the ‘aperitif’ of the wider advice process
Good guidance around the point of retirement will not be enough to ensure individuals manage the shape of their income in later life effectively, industry commentators have said.
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OpinionWhy employers should facilitate a drawdown route for employees
From the blog: Since the pension reforms were introduced in April 2015, retirement is being talked about more than ever before. This is mainly because these laws will affect almost every employee and employer.
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NewsRBS banks on preferred provider for drawdown
Royal Bank of Scotland’s defined contribution scheme is exploring the addition of a drawdown option via an external provider to enable a seamless transition into retirement for its members.
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Opinion
DC design: Six graphs on employers’ direction of travel
From the blog: It’s time to turn words into action. While schemes have been extolling the feted ‘better member outcomes’, little movement is taking place to turn hopes and dreams into components of success.
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OpinionPMI: Drawdown needs minimum income floor to avoid depleted pots
Talking Head: The PMI’s Tim Middleton explains why, when push comes to shove, annuities are an inevitable part of retirement income provision for the majority of savers.
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Opinion
Data crunch: Annuities market being reshaped, not destroyed
We are seeing the annuity market being reshaped before our eyes with astonishing speed. It is sometimes said that pension freedoms have destroyed the annuity market, but is this true?
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OpinionSafe as houses?
Editorial: How individuals assess risk and reward is extremely complex. Data from the Office for National Statistics this week showed people would prefer to take a punt on property over pensions to deliver a retirement income.
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News
Fuzzy 'new normal' begins to emerge from pension freedom data
Gaps in the data on consumer behaviour following the freedom and choice reforms introduced earlier this year are creating a muddled picture of people’s choices, experts have said.
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NewsHMRC figures on flexibilities leave questions unanswered
The ‘dearth of information’ on pension freedoms bemoaned in a recent Work and Pensions Committee report could have been remedied by HM Revenue & Customs figures released yesterday, but industry representatives said the report lacked detail.
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News
Anxious academics and drawdown letdowns – tomorrow’s DC battles
Analysis: Digital advice, the introduction of the academic sector’s first defined contribution scheme and greater choice in drawdown solutions are just three of the things set out by industry professionals as priorities for 2016.
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Opinion
The science behind DC redesign
DC Investment Quarterly: The introduction of freedom and choice and the charge cap this year marked two profound changes to the defined contribution marketplace, affecting both what DC investment products will be expected to deliver and the limits within which they have to deliver them.
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Opinion
Freedom for all: Why DB should have access to pension flexibility
Pension freedoms were announced with great fanfare in the chancellor’s autumn statement in 2014 and came into effect in April 2015.
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NewsFreedom variability distorts member behaviour, FCA study shows
Data from the Financial Conduct Authority has shown drastic changes in how consumers access their pensions since the introduction of the flexibilities, though experts have said difficulty accessing some options may have skewed consumer choices.
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Opinion
PMI: Why government zeal on exit penalties is surprising
Talking Head: Is the government overstepping the mark with its challenge of the exit penalties imposed on those taking advantage of the pension flexibilities, asks the PMI’s Tim Middleton.
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OpinionHow to build flexibility into your DC scheme
Pension freedom can be a daunting proposition for trust-based DC schemes, but PTL’s Alison Bostock says they can find ways to introduce more choice for members.
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News
Cash leads the way on freedoms but further flux predicted
More than half of the £2.5bn withdrawn by pension savers in the three months since April has been paid out in cash lump sums, but experts predict consumers will shift their focus towards more sophisticated products.
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News
BBC to lay on financial advice for members looking at transfers
The BBC is to offer paid-for independent financial advice to help members get the most from the pension freedoms, in particular to support those considering transferring their assets.
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NewsEvents and training for pension managers and trustees – Aug 24
Get your calendar in order with this rolling bookmark of upcoming events and training opportunities, targeting pension scheme managers and trustees.
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NewsEvents and training for pension managers and trustees – Aug 9
Get your calendar in order with this fortnightly bookmark of upcoming events and training opportunities, targeting pension scheme managers and trustees.
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OpinionEditorial: One hundred days…
Last week saw us pass the somewhat arbitrary milestone of 100 days since the introduction of the freedoms, and providers and commentators rushed to give their take on the story so far.